Special Issues

Forbes Ranks NM the 27th Best for Business, 48th for Quality of Life

September 25, 2009, 12:00 am

By SFR Staff

Forbes has just released its ranking of the best states for businesses and New Mexico came down dead in the middle: 27th, right there between Arkansas and Alabama. Virginia moved to the number one slot, while Rhode Island sunk to the bottom.

Here's how New Mexico ranked in the five key categories:

Business costs: 26

Labor: 32

Regulatory environment: 31

Economic climate: 11

Growth prospects: 6

Quality of life: 48

So, the good news is that commerce is going to expand, but we're still a shitty place to live.